Zumper
modified
Updated 5+ Days Ago

Highlights

  • Pet Friendly
  • On-site laundry
  • Off-street parking
  • Open living space
  • Glass enclosed shower
  • Carrara quartz countertops with kitchen island
  • White quartz countertops with cabinet space

Location

501 Lake Ter, Bradley Beach, NJ 07720, USA|Bradley Beach
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Contact

Management

407 Sewall LLC

Leasing office

(732) 455-5300

Property Overview

501 Lake Terrace earns a strong overall impression with high marks for value, amenities, location, and quality, supported by a competitive price and a trustworthy property description. It also stands out with on-site laundry, off-street parking, open living space, and upgraded kitchen and bath finishes, while nearby pet services and flooring choices add to its appeal.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.1
Excellent
501 Lake Terrace is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.

Things you’ll love

  • Middle school nearby
  • Dishwasher
  • Pet friendly

Great for

  • Pet owners

Floor plans

2BR/1.0BA2 bed1 bath650 sqft$2,450 /mo1 unit availableThis sprawling complex on an elevated hill. It has recently undergone a complete and total transformation! It's a short walk to the beach, lake and downtown, Ocean Grove! The unit features stainless steel appliances with dishwasher, Carrara Quartz countertops, a custom tiled bathroom with glass enclosed shower and more! There's also a ton of off-street parking and on-site laundry. Good credit and income required, pet friendly!

Let's explore this property.

Amenities for 501 Lake Terrace

Building

Cats OKDogs OK

Other

Pet Fee RequiredTwo Pet Max
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units40
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About 501 Lake Terrace

HomeApartments in Bradley BeachBradley Beach 501 Lake Terrace

This sprawling complex on an elevated hill. It has recently undergone a complete and total transformation! It's a short walk to the beach, lake and downtown, Ocean Grove! The unit features stainless steel appliances with dishwasher, Carrara Quartz countertops, a custom tiled bathroom with glass enclosed shower and more! There's also a ton of off-street parking and on-site laundry. Good credit and income required, pet friendly!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.1
/10
Excellent
501 Lake Terrace is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Price and Amenities, which help to make this rental a great place to call home.
How we rated 501 Lake Terrace
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
501 Lake Terrace offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
501 Lake Terrace goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 501 Lake Terrace receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
501 Lake Terrace is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
501 Lake Terrace has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
501 Lake Terrace provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

501 Lake Terrace is great for:

Pet owners

  • Tile, vinyl or hardwood floors
  • 2 pet grooming services nearby
  • 5 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 501 Lake Terrace compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Dishwasher
Dishwasher available in kitchen
Pet friendly
This property allows pets

Considerations

Lacks images
Fewer than 10 photos available for this location
No central heat
Fewer climate control options

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Rent trends in Bradley Beach

2-bedroom apartments at 501 Lake Terrace cost about 16% less than the average rent price for 2-bedroom apartments in Bradley Beach.

Median rents as of Jan 25 2026.
Bradley Beach
Bradley Beach
A table of studio rental data trends in Bradley Beach
MonthMedian Rent
December 2024$1,550
March 2025$1,850
April 2025$1,850
July 2025$1,700
November 2025$1,862
December 2025$1,881
January 2026$1,808
A table of studio rental data trends in Bradley Beach
MonthMedian Rent
December 2025$1,900

Affordability calculator

Can I afford to live at 501 Lake Ter?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$98,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $98,000 annually to afford this 2-bedrooms monthly rent price of $2,450.
For more information on rent affordability, visit our rent calculator.

Schools near 501 Lake Terrace

Bradley Beach Elementary School

515 brinley ave

bradley beach, NJ, 7720

PK, K-8Public
C+

Acelero Learning - Neptune Center

200 route 35

neptune city, NJ, 7753

PKPublic

Acelero Learning - Asbury Park Center

907 grand ave

asbury park, NJ, 7712

PKPublic

Avon Elementary School

505 lincoln ave

avon, NJ, 7717

PK, K-8Public
A

Woodrow Wilson School

210 west sylvania ave

neptune city, NJ, 7753

PK, K-8Public
C
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Internet available near 501 Lake Terrace

Neighborhood

Bradley Beach | Bradley Beach, NJ

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Bradley Beach near 501 Lake Ter

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 501 Lake Ter, Bradley Beach

Groceries

8/10
At least one grocery store within a 15-minute walk

Shopping

6/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

1/10
No high schools within a 30-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

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